Tariffs and cutting the govt will save the middle class.
- Thread starter i am herdman
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What rate would you charge? Considering there are multiple rates we are charged across various industries and products in a particular country. Is your concern that we are charging a country too much?
I don’t have a strong opinion on this either way, but it seems they are taking a formulaic approach and applying it across-the-board to everybody. There’s plenty of logic in that.
We’re saying countries are charging us tariff rates when those numbers we’re claiming are not tariff rates. That’s lying. People who just believe whatever Trump puts out now believe that some countries were charging us 70%+ tariffs.
If the goal is to get other countries to reduce their tariff rates on us this is a bad strategy because you’ve got counties that don’t have high tariff rates that are getting the tariff hammer while countries that do aren’t, because trade imbalance is not going to really track with tariff rate.
We should charge multiple rates across various industries and products like we always have, in a strategic way. There are things we have no capability to or interest in producing. Taxing ourselves to import those things only hurts us. Because we’re gonna import them anyway.
I don’t have a huge issue with the rates. Using a trade imbalance as a factor doesn’t bother me either. Like what most of what DJT does, these rates will get these countries to come to the table and negotiate better deals, as Canada and Mexico did. If they don’t? Their businesses will reap the challenges U.S. small businesses have faced for decades.
No one and I mean no one knows what the exact effect of these tariffs will actually cost the U.S. consumer. Neither economist on the left or right knows. It’s all noise and projection at this point.
Again, we are facing short term medicine for a long term fix on a policy which has shafted many Americans for decades.
Now would be a perfect time to eliminate Income taxes and move to a consumption based national sales tax too. (Another thread for another time).
No one and I mean no one knows what the exact effect of these tariffs will actually cost the U.S. consumer. Neither economist on the left or right knows. It’s all noise and projection at this point.
Again, we are facing short term medicine for a long term fix on a policy which has shafted many Americans for decades.
Now would be a perfect time to eliminate Income taxes and move to a consumption based national sales tax too. (Another thread for another time).
I too am not sure what to think about the tariff stuff. I'm willing to see what happens though.
I do think the US subsidizes all kinds of other countries economies (see defense and health care/pharma in Europe for instance) and it just can't continue, we're going broke.
Exactly.
If you know anything about complex dynamic systems (like climate, global economy, second/third order effects) you know it's really hard to predict outcomes.
Prices will rise period. Coming off higher inflation that's not a good place to be for the consumer. People are already cash strapped and it will hurt the people that got trump
Elected much more than the rich and elite in dc
Trump is doing exactly what he said he would do during the campaign. People voted for him to do just that. Maybe you didn't, but maintaining "cheap" foreign goods cost us more in the long run than these tariffs will.
By the way, DC is now feeling what most of their policy initiatives created in fly over country.
Stock market down 1200 points on the Dow 30 . Nasdaq down nearly 500 . Wow look at how all these tariffs are affecting our markets.
For now? What about the rest of the world?
People voted for him to lower inflation and not destroy our stock market . No one had any idea how much his tariffs would be this high around the world. He is merely punishing the countries who have tariffs on us. He does not care about the stock market as he said himself. He is destroying our economy. This tariff thing not going to work and he will never balance the budget. These people on Wall Street are great at predicting the future and the stock market is down really big today. The leader in Australia replied to this as buy Australian. We are going to lose a lot of our exports to other countries over this with Trumps isolationist actions.
Hate to tell you, but the economy was going to destroy itself if we didn't get a manufacturing base back in this country. People voted for him to fix the structural issues in the economy and the uneven playing field we've been paying for in international trade over the last few generations. Get over it. LOL. Australia's economy cant produce enough of its own goods either. Australia isn't any better off than Europe. They have pretty much assumed the role of a police state abusing their own people.
I also hate to tell you, but the bubble market coming down today will also result in lower demand and lower prices across the economy. An offset to any inflation we might see due to tariffs. Additionally, any bonds held by pension funds are seeing their values rise today. I guess they understand the future better than you do.
When will you libs get consistent with your whining? For years I've been told by your ilk here, that only the millionaires and billionaires have stocks to worry about? Celebrate you whining lib. DJT is sticking it to the elite class today.
Here’s a take that is flaming hot and not really red or blue: **** the stock market.
Having a stock market where the economy falls apart if things don’t constantly and consistently go up, up, up is destructive and stupid and terrible. The primary way to make money from stocks should be dividends. If a company is consistently making money that should be a good thing. Having to have consistent growth leads to a lot of the problems with consolidation, enshitification, and over extension that we see.
I can’t tell you how we could get there from where we are now, but I am convinced we would be better off for it.
Having a stock market where the economy falls apart if things don’t constantly and consistently go up, up, up is destructive and stupid and terrible. The primary way to make money from stocks should be dividends. If a company is consistently making money that should be a good thing. Having to have consistent growth leads to a lot of the problems with consolidation, enshitification, and over extension that we see.
I can’t tell you how we could get there from where we are now, but I am convinced we would be better off for it.
Well, some of you are not stock market experts. Let's see what happens over the next few days. A correction, which should be expected, is about 10%. The DJIA didn't even hit a 52 week low as of today and the same with the NASDAQ. Both of those lows were in May of last year when Biden was President. Not sure if Biden was in charge in May of last year.
Today was a buying opportunity if the market rebounds in the next few days. Or, it may be a sign of a 10% correction which is a normal occurrence. The markets have over value or over priced for the last few months. JMO
FYI: I am a boglehead. If you have to check out the link, it shows you are not a intelligent investor.
Today was a buying opportunity if the market rebounds in the next few days. Or, it may be a sign of a 10% correction which is a normal occurrence. The markets have over value or over priced for the last few months. JMO
FYI: I am a boglehead. If you have to check out the link, it shows you are not a intelligent investor.
He is sticking to everybody except those who are short this market. What todays stock market tells me companies will have less earnings and some people will lose their jobs. Sure people went to safer investments with bonds and gold . Wait til around Tuesday when
those on margin buying have to cover their margin calls. This tariff thing is a fiasco and a no win game in the end and really bad now.
We just exceeded the 10 percent correction and no relief in sight. Sure it might and I mean might come back some tomorrow because the ones shorting the market will take some profits because of what might happen over the weekend , As of now their is no relief in sight and no real reason to buy stocks with all the uncertainty if nothing else.
Oldie if you are such a keen investor you know this swing over a few weeks is not real indicator of things. This tariff thing is going to work its self out. Be patient.
I think it will take longer and I think Trump has to be more realistic with these tariffs. His numbers just dont add up . Another thing Powell is an admirer of Volker and perhaps you know what happened in the 1970 s when Volker was head of the FED. Seems to be a very bad combination to me . I am thinking perhaps we are heading for a long bear market if Trump dont do something drastic on his approaches to tariffs.
